Publication

Private debt: outlook, risks and contagion

calendar icon 29 October 2026
time icon 5 min

Authors

Penny Cochrane White Background
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Penny Cochrane

Senior Investment Research Consultant

Robert Kotlar March 2025 Nobg
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Robert Kotlar

Senior Investment Research Analyst

Private debt has continued to evolve, with changing market conditions creating both new risks and opportunities for investors. As direct lending enters a more testing phase, being selective is becoming increasingly important.

In our publication, we consider the outlook for private debt, the pressure points emerging across the market and where we continue to see opportunities.

Read the publication

Key themes include:

  • The outlook for direct lending and emerging areas of risk.
  • How AI disruption and changing market dynamics could affect the sector.
  • Where we see selective opportunities across private debt markets.

If you'd like to discuss private debt in more detail, please get in touch.

 

Important Information
This communication has been compiled by Hymans Robertson LLPĀ® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy. However, we provide no guarantee and accept no liability in respect of any errors made by any third party.

General Investment Risk Warning
Please note the value of investments, and income from them, may fall as well as rise. This includes but is not limited to equities, government or corporate bonds, derivatives and property, whether held directly or in a pooled or collective investment vehicle. Further, investments in developing or emerging markets may be more volatile and less marketable than in mature markets. Exchange rates may also affect the value of investments. As a result, an investor may not get back the full amount of the original investment. Past performance is not necessarily a guide to future performance.

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